Tuesday, May 13, 2008

Two trades





SINA was in my long list for morning play but I hesitate to take early entry and i missed nice gain.Hope you guys had good day.

5 comments:

Javier said...

Hi PRD,

Good trades !!!

I was wondering what is your Exit Strategy since you seem to get out of the trade at the right time before Reversal.

I am still paper trading and trying to develop a system on 30m breakout on 5m candle very similar to your strategy.

Your links and charts have been very helpfull.

Thanks in advance,

Javier

p/d: I look at Malmö on the Map and is in the South of Sweden in front on Denmark. Very nice !!!!

PRD trader said...

Hi javier,ty.i use 6 different techinic but not all of them in the same trade.If u see my old posts i always left money on the table thats why usually i able to get out before big reversal.Some traders hold on their trade long that their winners become losers.You have make a plane according to you exit strategies

strategies
1.i use time & sale
2.20 CCI
3.5 EMA
4.Shadow of the candle
5.side by side candle
6.total time of the trade

Javier said...

Hi PRD,

As you said, I looked at your charts and saw that you were able to improve your exits. I am still at the point that I leave money on the table or winners become losers to my stop loss or break even.

If you like, you can explain more in detail how these 6 strategies work on your charts or in a separate post. If it is too much work you can show me a link explaining these strategies or e-mail me at javischvartzer@hotmail.com.

Cheers,

Javier

p/d: Below is a link, I think you will enjoy and you can add to your post with many breakout strategies.

http://www.scribd.com/word/full/2532983?access_key=key-989ekfrw48wts2bh99o

JF David said...

nice use of continuation pattern on the SINA trade. nice 6R pofit on that trade!

PRD trader said...

Ty david